The Company recorded fourth-quarter sales of $186.3 million, an increase of 11 percent from the prior year, and 13 percent sequentially. Net income was $23.1 million, or $0.17 per share. These results included amortization of intangible assets of $2.4 million. Non-GAAP earnings per share of $0.18 in the fourth quarter of 2013 compared to $0.09 in the fourth quarter a year ago and $0.14 in the third quarter of 2013. A reconciliation table of GAAP to non-GAAP earnings per share is contained in this press release.

Fiscal 2013 sales were $693.5 million, representing a 3 percent decline compared to sales of $715.9 million in 2012. Net income per share of $0.55 compared to net income of $0.50 per share a year earlier. On a non-GAAP basis, net income per share in fiscal 2013 was $0.59 compared with net income per share of $0.55 for the year earlier.

Bertrand Loy, president and chief executive officer, said: "We finished the year on a high note, as revenue and profits in the fourth quarter exceeded our expectations. Demand for our liquid and gas filtration and purification solutions and advanced wafer handling products rebounded strongly from the third quarter. We continue to align ourselves even more tightly with the technology roadmaps of the semiconductor industry's leaders to help them improve yields as they develop and ramp their latest manufacturing processes.

"We generated very healthy levels of cash from operations of $34.7 million in the quarter and $109.4 million for the year," Loy said.

For the fiscal first quarter ending March 29, 2014, the Company expects sales to be $165 million to $180 million and EPS to range between $0.09 and $0.13. On a non-GAAP basis, EPS is expected to range from $0.10 to $0.14, which reflects Non-GAAP net income in the range of $13 million to $18 million, adjusted for expected amortization expense of $2.4 million or $0.01 per share and excluding acquisition related costs.

In a separate press release issued today, Entegris announced that it has entered into a definitive agreement to acquire ATMI. The transaction is expected to close in the second quarter of fiscal 2014.

Conference Call Details

Entegris and ATMI will host a joint conference call and online webcast today, February 4, 2014, at 8:30 a.m. Eastern Time to discuss the transaction announcement. It will be streamed live over Entegris' website at http://investor.entegris.com/events.cfm and over ATMI's website at http://www.atmi.com/. Interested participants can access the call by dialing toll-free (866) 610-1072 or (973) 935-2840 for international callers and referencing confirmation code #59322873. Participants are asked to dial in 5 to 10 minutes prior to the start of the call. A replay of the call will be available starting February 4, 2013 at 11:30 a.m. Eastern Time
and can be accessed telephonically by dialing (800) 585-8367 or (404) 537-3406 and using the passcode #59322873, or by accessing http://investor.entegris.com/events.cfm.

ABOUT ENTEGRIS

Entegris is a leading provider of a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in the semiconductor and other high-technology industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.

Non-GAAP Information

The Company's consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP). Adjusted EBITDA and Adjusted Operating Income together with related measures thereof, and non-GAAP EPS, are considered "Non-GAAP financial measures" under the rules and regulations of the SEC. These financial measures are provided as a complement to financial measures provided in accordance with GAAP. We provide non-GAAP financial measures in order to better assess and reflect operating performance. Management believes the non-GAAP measures help indicate our baseline performance before certain gains, losses or other charges that may not be indicative of our business or future outlook. We believe these non-GAAP measures will aid investors' overall understanding of our results by providing a higher degree of transparency for certain expenses
and providing a level of disclosure that will help investors understand how we plan and measure our business. The presentation of non-GAAP measures is not meant to be considered in isolation, as a substitute for, or superior to, financial measures or information provided in accordance with GAAP. The calculations of Adjusted EBITDA margin, Adjusted Operating Income, and non-GAAP EPS are included elsewhere in this release.

Forward-Looking Statements

Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current management expectations only as of the date of this press release, and involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Statements that include such words as "anticipate," "believe," "estimate," "expect," "forecast," "may," "will," "should" or the negative thereof and similar expressions as they relate to Entegris or our management are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks
include, but are not limited to, fluctuations in the market price of Entegris' stock, Entegris' future operating results, other acquisition and investment opportunities available to Entegris, general business and market conditions and other factors. Additional information concerning these and other risk factors may be found in previous financial press releases issued by Entegris and Entegris' periodic public filings with the Securities and Exchange Commission, including discussions appearing under the headings "Risks Relating to our Business and Industry," "Manufacturing Risks," "International Risks," and "Risks Related to Owning Our Securities" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as well as other matters and important factors disclosed previously and from time to time in the filings of Entegris with the U.S. Securities and Exchange
Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

Three Months Ended

December 31,
2013

September 28,
2013

December 31,
2012

Net sales

$186,260

$164,585

$167,818

Cost of sales

104,365

94,453

101,357

Gross profit

81,895

70,132

66,461

Selling, general and administrative expenses

37,559

31,746

37,273

Engineering, research and development expenses

15,773

13,947

12,911

Amortization of intangible assets

2,358

2,343

2,335

Contingent consideration fair value adjustment

--

(1,813)

--

Operating income

26,205

23,909

13,942

Other (income) expense, net

(663)

963

(895)

Income before income taxes

26,868

22,946

14,837

Income tax expense

3,816

5,139

3,581

Net income

$23,052

$17,807

$11,256

Basic net income per common share:

$0.17

$0.13

$0.08

Diluted net income per common share:

$0.17

$0.13

$0.08

Weighted average shares outstanding:

Basic

138,615

138,904

137,867

Diluted

139,408

139,482

138,907

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

Twelve Months Ended

December 31,
2013

December 31,
2012

Net sales

$693,459

$715,903

Cost of sales

396,734

408,520

Gross profit

296,725

307,383

Selling, general and administrative expenses

137,123

147,405

Engineering, research and development expenses

55,320

50,940

Amortization of intangible assets

9,347

9,594

Contingent consideration fair value adjustment

(1,813)

--

Operating income

96,748

99,444

Other income, net

(1,958)

(259)

Income before income taxes and equity in affiliates

98,706

99,703

Income tax expense

21,669

30,881

Equity in net income of affiliates

--

(3)

Net income

$77,037

$68,825

Basic net income per common share:

$0.55

$0.50

Diluted net income per common share:

$0.55

$0.50

Weighted average shares outstanding:

Basic

138,950

137,306

Diluted

139,618

138,412

Entegris, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

December 31, 2013

December 31, 2012

ASSETS

Cash and cash equivalents

$384,426

$330,419

Short-term investments

--

19,995

Accounts receivable, net

101,873

94,016

Inventories

96,585

99,144

Deferred tax assets, deferred tax charges and refundable income taxes

20,844

20,201

Other current assets and assets held for sale

11,088

15,549

Total current assets

614,816

579,324

Property, plant and equipment, net

186,440

157,021

Intangible assets

43,509

47,207

Deferred tax assets - non-current

12,039

17,167

Other assets

21,001

10,825

Total assets

$877,805

$811,544

Accounts payable

38,396

36,341

Accrued liabilities

48,816

51,263

Income tax payable and deferred tax liabilities

10,373

5,659

Total current liabilities

97,585

93,263

Other liabilities

20,866

23,482

Equity

759,354

694,799

Total liabilities and equity

$877,805

$811,544

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three Months Ended

Twelve Months Ended

December 31,
2013

December 31,
2012

December 31,
2013

December 31,
2012

Operating activities:

Net income

$23,052

$11,256

$77,037

$68,825

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

7,656

7,151

29,468

28,013

Amortization

2,358

2,335

9,347

9,594

Stock-based compensation expense

2,069

1,851

7,928

9,881

Deferred tax valuation allowance and other tax items

4,950

12,012

8,232

10,822

Other

(1,582)

198

(716)

1,903

Changes in operating assets and liabilities:

Trade accounts and notes receivable

3,359

14,916

(13,363)

10,626

Inventories

(397)

3,505

(2,952)

(6,118)

Accounts payable and accrued liabilities

(3,438)

4,737

(4,408)

6,265

Income taxes payable and refundable income taxes

(2,508)

(9,351)

2,731

(9,897)

Other

(810)

(10,269)

(3,902)

(14,752)

Net cash provided by operating activities

34,709

38,341

109,402

115,162

Investing activities:

Acquisition of property and equipment

(11,330)

(10,813)

(60,360)

(49,929)

Acquisition of business, net of cash acquired

--

--

(13,358)

(2,961)

Purchases of short-term investments, net of proceeds from maturities

--

(11,994)

20,000

(19,990)

Other

1

229

6,689

413

Net cash used in investing activities

(11,329)

(22,578)

(47,029)

(72,467)

Financing activities:

Issuance of common stock

1,018

2,742

7,685

7,431

Repurchase and retirement of common stock

(668)

--

(15,494)

(427)

Other

2,789

2,550

3,914

3,886

Net cash provided by (used in) financing activities

3,139

5,292

(3,895)

10,890

Effect of exchange rate changes on cash

(875)

1,534

(4,471)

3,241

Increase in cash and cash equivalents

25,644

22,589

54,007

56,826

Cash and cash equivalents at beginning of period

358,782

307,830

330,419

273,593

Cash and cash equivalents at end of period

$384,426

$330,419

$384,426

$330,419

Entegris, Inc. and Subsidiaries

Segment Information

(In thousands)

(Unaudited)

Three Months Ended

Twelve Months Ended

Net sales

December 31,
2013

September 28,
2013

December 31,
2012

December 31,
2013

December 31,
2012

Contamination Control Solutions

$123,665

$105,150

$110,266

$447,410

$461,838

Microenvironments

45,680

42,520

42,684

178,201

182,375

Specialty Materials

16,915

16,915

14,868

67,848

71,690

Total net sales

$186,260

$164,585

$167,818

$693,459

$715,903

Three Months Ended

Twelve Months Ended

Segment profit

December 31,
2013

September 28,
2013

December 31,
2012

December 31,
2013

December 31,
2012

Contamination Control Solutions

$32,489

$25,044

$22,438

$108,192

116,356

Microenvironments

8,852

8,635

6,401

36,176

37,223

Specialty Materials

970

2,001

1,046

7,087

12,230

Total segment profit

42,311

35,680

29,885

151,455

165,809

Amortization of intangibles

(2,358)

(2,343)

(2,335)

(9,347)

(9,594)

Contingent consideration fair value adjustment

--

1,813

--

1,813

--

Unallocated expenses

(13,748)

(11,241)

(13,608)

(47,173)

(56,771)

Total operating income

$26,205

$23,909

$13,942

$96,748

$99,444

Entegris, Inc. and Subsidiaries

Reconciliation of GAAP to Adjusted Operating Income and Adjusted EBITDA